US Legal & Regulation

The Securities and Exchange Commission has charged a California man with illegally tipping a hedge fund manager with inside information about Nvidia Corporation’s quarterly earnings that he learned from his friend who worked at the company. »

The US Commodity Futures Trading Commission has obtained a federal court order of default judgment and permanent injunction requiring defendant Christopher B Cornett of Buda, Texas, to pay USD10.16m in restitution and a USD6.78m civil monetary penalty in connection with a foreign currency pooled investment fraud. »

The US Commodity Futures Trading Commission has obtained a consent order imposing a USD700,000 civil monetary penalty against defendants Charles Steven Goodie of San Diego, California, and his California-based business CSG Commodity Service Group. »

The US Commodity Futures Trading Commission has charged Jeffrey Gustaveson of Carlsbad, California with fraud, misappropriation, and issuing false statements in a USD2.5m commodity pool scheme. »

The US Commodity Futures Trading Commission has filed a civil enforcement action charging Marc Perlman and his firm, iGlobal Strategic Management, with operating a commodity pool Ponzi scheme that fraudulently solicited and accepted at least USD670,000 from at least 17 people, largely from the deaf community. »

The US Commodity Futures Trading Commission has filed a civil anti-fraud enforcement action against Jonathan Hansen of Pearland, Texas, and his company, J Hansen Investments (JHI). »

Commissioners at the Securities and Exchange Commission have voted four to one to begin the 30 day public comment process on the Jobs Act. »

The Securities and Exchange Commission has proposed rules to eliminate the prohibition against general solicitation and general advertising in certain securities offerings. »

HedgeServ, an independent global fund administrator, has added a Form PF (Private Fund) enterprise reporting solution to its service offering. »

The Commodity Futures Trading Commission’s division of market oversight has issued a letter advising Eurex Deutschland that its Euro Stoxx 50 Ex Financials Index futures contract submitted by Eurex for review on 12 July has been deemed certified. »